Hughes Network Systems said Monday it shipped more than 487,000 broadband satellite terminals worldwide last year, indicating that it is seeing a demand in rural markets for its new Gen4 high-speed Internet service.
Charging subscribers $99 monthly for download speeds of 15 Mbps, Hughes launched the Gen4 service in October. The company, which is owned by EchoStar, has deals with both DirecTV (Nasdaq: DTV) and Dish Network (Nasdaq: DISH) that allow the satellite TV providers to sell broadband Internet access to their subscribers. Hughes also signed a wholesale agreement with rural telco Frontier Communications (Nasdaq: FTR) last summer.
Hughes said it has seen accelerated sales of broadband satellite terminals in North America since the launch of the Gen4 service, noting that it shipped more than 200,000 HT (high throughput) terminals during the fourth quarter.
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